Determing the amount of total dividends

Assignment Help Accounting Basics
Reference no: EM13509387

On january 1 2004 a corporation issued 25000 shares of %10 $50 par cumulative preferred stock and 50000 shares of $30 par common stock. Cash dividends declared by the board were as follows. Determing the amount of total dividends and dividends per share for preferred stockholders and common stockholders.

2004 none

2005 $100,000

2006 $275,000

2007 $305,000

2008 $355,000

Year

Total Preferred

Per share Preferred

Total common

Per share common

2004





2005





2006





2007





2008





 

Reference no: EM13509387

Questions Cloud

What environmental factors could bill strickland : What environmental factors could Bill Strickland
Calculate the gain recorded on the sale : Calculate the amount of depreciation expense recorded on the equipment for 2005.
Utilizing the step-by-step mrp calculation process : Utilizing the Step-by-Step MRP Calculation Process
Compute the orbital period of the faster planet : Two newly discovered planets follow circular orbits around a star in a distant part of the galaxy. What is the orbital period of the faster planet
Determing the amount of total dividends : On january 1 2004 a corporation issued 25000 shares of %10 $50 par cumulative preferred stock and 50000 shares of $30 par common stock. Cash dividends declared by the board were as follows.
Outline and explain the concept of internal marketing : Outline and explain the concept of internal marketing and why it is important in service products. How would you introduce an effective internal marketing programme to an organisation?
What is the ending noncontrolling interest balance : Apart from its investment in Starr, Harrison had income of $220,000 in 2011 and $260,000 in 2012.
Can you say that attribute b defnitely is or is not a key : State the defnition of a lossless-join decomposition with respect to this example. Answer this question concisely by writing a relational algebra equation involving R, R1, and R2.
Calculate fica social security taxes payable : Calculate FICA Social Security taxes payable and FICA Medica taxes payable. Prepare the journal entry to record Royal Company's January 8 (employee) payroll expenses and liabilities.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Amount record the investment

Botkins issued 56,000 new shares of its common stock valued at $3.25 per share for all of the outstanding stock of Volkerson. Assume that Botkins acquired Volkerson on January 1, 2010. At what amount did Botkins record the investment in Volkerson?

  What is the forecasted sales revenue from the product

Martin Company sells a certain product for $15 per unit. The beginning inventory is 40,000 units, and the desired ending inventory is 32,000 units. If budgeted production is 100,000 units, what is the forecasted sales revenue from the product?

  What method does the company use to value its inventory

air france-klm af a french company prepares its financial statements according to international financial reporting

  Prepare a consolidation worksheet

Required: Assuming that these two companies retained their separate legal identities, prepare a consolidation worksheet as of December 31, 2009.

  Current year tax return

Kendra is a self-employed taxpayer working exclusively from her home office. Before the home office deduction, Kendra has $5,000 of net income. Her allocable home expenses are $10,000 in total. How are the home office expenses treated on her curre..

  The melville company produces a single product called a

use the data for questions 7 to 9. direct materials- 15 direct labor- 12 variable manufacturing overhead- 8 fixed

  Break-even point will increase or decrease

Mark Company currently sells a video recorder with a selling price of $300 per unit. The variable expense per unit is $175 and fixed expenses are $100,000. If the company reduces variable expenses by $20 per unit and increases the fixed expenses b..

  Who are the stakeholders in decision

Part (a) Who are the stakeholders in this decision? Part (b) Is it ethical for Judy to revise the costs as indicated? Briefly explain. Part (c) What should Judy do?

  The financial statements of the melton manufacturing

the financial statements of the melton manufacturing company reports net sales of 300000 and accounts receivable of

  Reconcile the amount of net income to the amount of cash

Zephre Company reported net income for the year of $56,000. Depreciation expense for the year was $12,000. During the year, accounts receivable increased by $4,000, inventory decreased by $6,000, accounts payable increased by $3,000, and accrued e..

  State the dollar amounts that should appear in bailey

twodor company is involved in four separate industries. selected financial information concerning twodors involvement

  Journal entries of raptor corporation

On July 1, 2002, Raptor Corporation, a wholesaler of used robotic equipment, issued $7,500,000 of ten-year, 10% bonds at an effective interest rate of 12%, Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year o..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd